VanEck Intermediate Muni ETF $ITM Position Increased by Bank of America Corp DE

Bank of America Corp DE boosted its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,865,319 shares of the company’s stock after purchasing an additional 869,902 shares during the quarter. Bank of America Corp DE owned approximately 38.65% of VanEck Intermediate Muni ETF worth $739,324,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in VanEck Intermediate Muni ETF by 46.0% in the third quarter. Ameriprise Financial Inc. now owns 1,281,231 shares of the company’s stock valued at $59,715,000 after buying an additional 403,482 shares during the last quarter. Creative Planning grew its position in shares of VanEck Intermediate Muni ETF by 47.1% during the third quarter. Creative Planning now owns 9,599 shares of the company’s stock worth $447,000 after acquiring an additional 3,074 shares during the last quarter. Vise Technologies Inc. grew its position in shares of VanEck Intermediate Muni ETF by 22.8% during the third quarter. Vise Technologies Inc. now owns 55,685 shares of the company’s stock worth $2,595,000 after acquiring an additional 10,335 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of VanEck Intermediate Muni ETF by 163.5% in the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after acquiring an additional 327 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of VanEck Intermediate Muni ETF by 12.3% in the 3rd quarter. First Trust Advisors LP now owns 10,712 shares of the company’s stock worth $499,000 after acquiring an additional 1,172 shares during the period.

VanEck Intermediate Muni ETF Trading Up 0.1%

Shares of BATS:ITM opened at $47.08 on Tuesday. The company’s 50-day moving average price is $47.47 and its 200 day moving average price is $47.06. VanEck Intermediate Muni ETF has a fifty-two week low of $43.42 and a fifty-two week high of $48.02.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1043 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd.

About VanEck Intermediate Muni ETF

The VanEck Intermediate Muni ETF (ITM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 6-17 years. ITM was launched on Dec 4, 2007 and is managed by VanEck.